Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1 Lincoln Ave Elkins, WV 26241

    Sponsored
    For Sale
    Contact for pricing

    Residential Land - Elkins, WV

    Lot size:
    0.19 Acres
    Days on Market:
    297
    Last Refresh:
    Jan 25 at 5:06 pm

    Property Features for 1 Lincoln Ave

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    General Residential
    Exterior features
    Drive, rough Graded
    Lot size
    0.19 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    JOHN LYNCH

    Propst Realty (304) 636-5500

    Listing agent JOHN LYNCH (304) 636-5500 License #WV0027247

    Listing date Apr 4, 2025

    MLS# 10158651 Listing URL

    Copyright © 2026 North Central West Virginia Real Estate Information Network. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Elkins Residential Corner Lots

    Located at the intersection of Lincoln Avenue and Knapp Lane and Knapp Street in Elkins, West Virginia, these lots offer nearly two tenths of an acre of mostly flat, accessible land. The property is suitable for residential or commercial development, offering high visibility and easy access from both roads. It is ideal for building a home, a business, or a mixed-use project. Situated at the entrance to Lincoln Avenue's neighborhood, the location is visible from Harrison Avenue. The terrain is nearly flat and level, ready for construction with some site preparation needed. The area is known for its quiet, small-town charm and is conveniently close to downtown Elkins, providing a balance of peaceful living and accessibility to shops, dining, schools, and outdoor recreational opportunities. Located in a growing area, utilities available at the street include electric, cable, city water and sewer. This property is an investment opportunity for those looking to develop or build in a growing community.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Chandran NB Medical Clinic

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Elkins
    County
    Randolph
    State
    West Virginia
    Longitude
    -79.858248
    Latitude
    38.930989

    Nearby Similar for Sale

    • $249,900
      8,994 SF

      Mixed-Use Building in Elkins, WV

      Mixed-use building with office leases and apartment potential.
      105 Randolph Ave, Elkins, WV 26241
      View Details
    • $289,000
      3,963 SF

      Versatile Commercial Property on Harrison Avenue

      3,963 sq ft commercial property suitable for various professional uses.
      1092 Harrison Ave, Elkins, WV 26241
      View Details
    • $390,000
      6,083 SF

      Elkins Office Building For Sale

      Large office complex in active business district of Elkins.
      1502 Harrison Ave, Elkins, WV 26241
      View Details
    • $159,000
      3,000 SF

      Elkins Mixed-Use Metal Building

      Metal insulated building with office, storage, and equipment storage.
      10 Custom Paving St, Elkins, WV 26241
      View Details
    • $379,000
      33.00 Acres

      33 Acres of Farmland

      33-acre farmland parcel with pond, stream, woodlands, and fields.
      104 Midway Loop, Elkins, WV 26241
      View Details
    • New
      $299,900
      4,939 SF

      Turn-Key Restaurant with Residential Space

      Established restaurant with living space near college campus in Elkins.
      413 Kerens Ave, Elkins, WV 26241
      View Details
    • $650,000

      Panoramic Farm with Income Potential

      30-acre farm with campground, venue near Elkins, WV.
      624 Arnold Hill Rd, Elkins, WV 26241
      View Details
    • $1,450,000

      Elkins Specialty Property For Sale

      Specialty property available for purchase in Elkins, West Virginia.
      201 Westridge Dr, Elkins, WV 26241
      View Details
    • $229,000

      Elkins Specialty Property For Sale

      Specialty property available for purchase in Elkins, West Virginia.
      15 Dent St, Elkins, WV 26241
      View Details
    • $374,900
      1,237 SF

      Prime Elkins Office Building

      1,237 sq ft Office, 0.23 Acres
      330 Beverly Pike, Elkins, WV 26241
      View Details
    • Contact for pricing
      5,358 SF

      501 Wilson Ln, Elkins, WV 26241

      Industrial properties • 5,358 SF
      501 Wilson Ln, Elkins, WV 26241
      View Details

    FAQs

    What type of property is this?
    Land - Prime corner lots ideal for residential or commercial development.
    Where is this land located?
    The property is located at 1 Lincoln Ave Elkins, WV.
    What is the asking price?
    The asking price for this property is $19,900.
    What are key features of this property?
    This property features: - Prime corner location at Lincoln Ave & Knapp Lane with high visibility, ideal for residential or commercial development.; - Nearly flat, accessible land (approximately two tenths of an acre) ready for construction with utilities available.; - Located in a growing area close to downtown Elkins, offering convenient access to amenities, shops, dining, and schools.
    (304) 516-9814
    Request Owner's contact information
    1 Lincoln Ave Elkins, WV 26241
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1 Lincoln Ave
    Elkins, WV 26241
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1 Lincoln Ave Elkins, WV 26241
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    JOHN LYNCH
    Real Estate License ID: WV0027247
    (304) 516-9814
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.